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Fortinet Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Fortinet holds $9.9B in total assets. Shareholders' equity is $989.7M against $567.2M in total debt. Cash and equivalents total $2.2B. The current ratio is 1.15 and debt-to-equity is 0.573. Based on the Q1 2026 filing.

Total Assets$9.9BTotal Stockholders Equity$989.7MLong Term Debt$496.8MCash And Equivalents$2.2BTotal Current Assets$5.3BTotal Current Liabilities$4.6B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$79.0B
P/E Ratio40.44
ROE132.39%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$190.9M$224.5M$245.2M$221.3M$230.8M$238.7M
Accrued Liabilities, Current$337.9M$415.0M$339.1M$330.6M$354.6M$366.1M
Compensation and benefits$255.7M$250.2M$281.3M$274.3M$312.9M$292.4M
Current portion of long-term debt$0.0$498.7M$499.0M$499.4M$499.7M$0.0
Deferred revenue$3.3B$3.3B$3.4B$3.5B$3.6B$3.7B
Operating lease liabilities, current$32.7M$81.6M$93.4M$92.9M$36.1M$70.4M
Total current liabilities$4.1B$4.7B$4.8B$4.8B$5.0B$4.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.5B$1.2B$1.2B$1.2B$1.7B$1.5B
AFS and Trading Securities - Unrealized Loss Position (>=12 Months)$0.0$0.0$0.0$0.0$0.0$0.0
AFS and Trading Securities - Unrealized Loss Position (<12 Months) Fair Value$251.6M$473.5M$887.2M$1.3B$1.3B$1.4B
Cash and cash equivalents$2.9B$3.6B$3.4B$2.0B$2.5B$2.2B
Finished goods$220.5M$276.7M$328.4M$358.4M$334.6M$305.1M
Raw materials$90.9M$80.7M$72.0M$63.6M$61.9M$62.6M
Work in process$4.1M$5.3M$4.8M$4.6M$3.0M$1.9M
Inventories$315.5M$362.7M$405.2M$426.6M$399.5M$369.6M
Other Inventory, Net$144.8M$147.8M$146.4M$141.9M$137.5M$125.3M
Prepaid expenses and other current assets$126.1M$125.4M$162.5M$195.2M$227.0M$181.9M
Short-term investments$1.1B$1.2B$1.2B$1.1B$1.1B$1.1B
Total current assets$6.0B$6.4B$6.3B$4.9B$5.9B$5.3B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$26.1M-$22.9M-$20.7M-$21.8M-$25.4M-$27.7M
Additional paid-in capital$1.6B$1.7B$1.7B$1.7B$1.8B$1.8B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March&#160;31, 2026 and December&#160;31, 2025, respectively$800.0K$800.0K$800.0K$700.0K$700.0K$700.0K
Retained earnings-$117.1M$316.3M$364.4M-$958.5M-$507.9M-$782.0M
Total liabilities and stockholders' equity$9.8B$10.4B$10.6B$9.4B$10.4B$9.9B
Total stockholders' equity$1.5B$2.0B$2.1B$735.1M$1.2B$989.7M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Goodwill$235.4M$236.2M$258.9M$258.3M$257.4M$257.4M
Equity securities$64.2M$67.6M$84.0M$98.1M$98.2M$29.5M
Deferred tax assets$1.3B$1.4B$1.5B$1.4B$1.3B$1.3B
Intangible assets &#8212; net$115.0M$121.2M$123.3M$110.2M$97.3M$87.0M
Other intangible assets&#8212;net$115.0M$121.2M$123.3M$110.2M$97.3M$87.0M
Investments$0.0$35.2M$112.0M$289.1M$339.7M$339.7M
Other non-current assets$133.2M$120.2M$133.5M$135.0M$125.2M$117.1M
Property, plant and equipment at cost$1.8B$1.8B$2.0B$2.1B$2.1B$2.2B
Accumulated depreciation$416.1M$433.0M$454.8M$462.4M$481.9M$503.1M
Property and equipment, net$1.3B$1.4B$1.5B$1.6B$1.6B$1.7B
Total assets$9.8B$10.4B$10.6B$9.4B$10.4B$9.9B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-term debt$994.3M$496.2M$496.3M$496.5M$496.6M$496.8M
Deferred revenue, net of current portion$3.1B$3.1B$3.2B$3.2B$3.5B$3.6B
Other non-current liabilities$129.6M$141.1M$152.5M$153.7M$141.3M$148.3M
Total liabilities$8.3B$8.4B$8.6B$8.6B$9.2B$8.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued inventory purchase commitments$54.0M$47.5M$41.9M$35.2M$26.7M$27.2M
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax$300.0K$200.0K$300.0K$200.0K$100.0K$1.7M
Gross Unrealized Gains$700.0K$300.0K$100.0K$1.1M$1.5M$200.0K
Total$1.1B$1.2B$1.2B$1.3B$1.3B$1.4B
Due within one to three years$0.0$35.2M$112.0M$289.1M$339.7M$339.7M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$1.1B$1.1B$1.1B$1.0B$989.0M$1.0B
Available for sale investments$1.1B$1.2B$1.2B$1.3B$1.3B$1.4B
Capitalized Contract Cost, Net$622.9M$636.2M$665.4M$682.2M$735.5M$753.7M
Common stock, par value (in dollars per share)$0.00$0.00$0.00$0.00$0.00$0.00
Common stock, shares authorized (in shares)1.5B1.5B1.5B1.5B1.5B1.5B
Common stock, shares issued (in shares)767M769.2M765.6M742.9M743M734M
Common Stock, Shares, Outstanding767M769.2M765.6M742.9M743M734M
Long-term debt, gross$1.0B$1.0B$1.0B$1.0B$1.0B$500.0M
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$5.7M$5.1M$4.7M$4.1M$3.7M$3.2M
Fair Value$1.2B$1.2B$1.3B$1.4B$1.4B$1.4B
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss$0.0$0.0$0.0$0.0$0.0$0.0
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss$300.0K$200.0K$300.0K$200.0K$100.0K$1.7M
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss$300.0K$200.0K$300.0K$200.0K$100.0K$1.7M
Debt Securities, Available-for-Sale, Unrealized Loss Position$251.6M$473.5M$887.2M$1.3B$1.3B$1.4B
Thereafter—$4.2M$4.2M$3.4M—$2.3M
Finite-Lived Intangible Assets, Accumulated Amortization$103.1M$116.0M$130.2M$142.4M$153.5M$163.8M
2028—$24.9M$28.2M$27.6M—$20.0M
2030—$9.5M$10.4M$9.4M—$1.0M
Remainder of 2026—$33.1M$23.7M$12.5M—$26.9M
2027—$31.0M$35.4M$37.3M—$27.5M
2029—$18.5M$21.4M$20.0M—$9.3M
Gross Carrying Amount$218.1M$237.2M$253.5M$252.6M$250.8M$250.8M
Inventory purchase commitments—$689.0M$714.4M$732.5M—$1.4B
2026—$686.1M$537.2M$359.5M—$1.3B
Thereafter—$2.9M$177.2M$373.0M—$68.0M
Other Commitment—$94.7M$102.7M$112.7M—$127.8M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$6.5B$6.6B$6.7B—$7.5B
Accrued excise taxes—$0.0———$25.2M
Unrecognized tax benefits$75.9M$79.0M$83.0M$86.6M$90.4M$91.7M
Penalties and interest accrued on unrecognized tax benefits$8.8M$9.8M$10.8M$11.6M$12.5M$13.3M
Amount that if recognized, would affect the effective tax rate or regulatory liability—$64.0M$67.6M$70.8M—$74.9M